"Central Bank of Myanmar argues that the cost of reprinting new notes bearing the General's portrait would be monumental considering Myanmar's current economic situation, U Aung Khin Win stated that new notes would only be reprinted to replace damaged notes or in the release of new denominations or size of Kyat banknotes. The debate on this issue took place in the Pyithu Hluttaw on 17 November 2017. The proposal was wholly rejected by the military bloc, but it was passed with 286 votes for, and 109 against. Burmese kyat The kyat (, or ; ; ISO 4217 code MMK) is"
"Economy of Kuwait Kuwait is a small, petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world. Non-petroleum industries include financial services. According to the World Bank, Kuwait is the fourth richest country in the world per capita. Kuwait is the second richest GCC country per capita (after Qatar). Kuwait has a leading position in the financial industry in the GCC; the abyss that separates Kuwait from its Gulf neighbors in terms of tourism, transport, and other measures of diversification is absent in the financial sector. The Emir has promoted the idea that Kuwait should focus"
"in Yangon for his connection to the banking crisis. The government officers did not elaborate on details of the investigation. Though in many instances banking and currency crises happens together, the value of the kyat appreciated during the banking crises. With the currency losing value against to dollar before the crises, reaching the low of 1100 kyat for $1, by February 20 the value of kyat increased to 900 kyat for $1 (the black market rate). In March 18, moneychangers in Yangon reported that trading was happening at as low as 850 kyat As kyat was indispensable for everyday transactions"
"is currently satisfied through seawater desalination plants. Sewage disposal is handled by a national sewage network that covers 98% of facilities in the country. Kuwait has a petroleum-based economy, petroleum is the main export product. The Kuwaiti dinar is the highest-valued unit of currency in the world. According to the World Bank, Kuwait is the seventh richest country in the world per capita. Kuwait is the second richest GCC country per capita (after Qatar). Petroleum accounts for half of GDP and 90% of government income. Non-petroleum industries include financial services. In the past five years, there has been a significant"
"to 3.81 riyals being required to buy 1 US dollar in late June 2017, a situation that continued until December 2017. This also led to cessation of trading of Qatari banknotes outside of Qatar with certain banks in certain countries such as the UK. Within Qatar itself, however, the Central Bank of Qatar has continued to buy and sell US dollars at the fixed rate. Qatari riyal The Qatari riyal is the currency of the State of Qatar. It is divided into 100 dirhams () and is abbreviated as either QR (English) or (Arabic). Until 1966, Qatar used the Indian"
"in English below. Unlike many other Middle Eastern currencies, Kuwait has a coin worth 0.2 of its main currency unit rather than 0.25. The 1 fils coin was last minted in 1988. Six series of the Kuwaiti dinar banknote have been printed. The first series was issued following the pronouncement of the Kuwaiti Currency Law in 1960, which established the Kuwaiti Currency Board. This series was in circulation from 1 April 1961 to 1 February 1982 and consisted of denominations of , , 1, 5 and 10 dinars. After the creation of the Central Bank of Kuwait in 1969 as"
"Kuwaiti dinar The Kuwaiti dinar (, code: KWD) is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is currently the world's highest-valued currency unit per face value. The dinar was introduced in 1960 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, that resulted in a conversion rate of rupees to the dinar. When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen"
"(2007) Electricity - imports: 0 kWh (2007) Agriculture - products: rice, pulses, beans, sesame, groundnuts, sugarcane; hardwood; fish and fish products Currency: 1 kyat (K) = 100 pyas Exchange rates: kyats per US dollar - 1,205 (2008 est.), 1,296 (2007), 1,280 (2006), 5.82 (2005), 5.7459 (2004), 6.0764 (2003) note: unofficial exchange rates ranged in 2004 from 815 kyat/US dollar to nearly 970 kyat/US dollar, and by year end 2005, the unofficial exchange rate was 1,075 kyat/US dollar; data shown for 2003-05 are official exchange rates Foreign Direct Investment In the first nine months of 2012-2013, Myanmar has received investment of"
"the stock market crash. In 1990, Kuwait was invaded, and later annexed, by Saddam's Iraq. The Iraqi occupation of Kuwait came to an end in 1991 after military intervention by a military coalition led by the United States. Kuwait is a major non-NATO ally of the United States. It is also a major ally of ASEAN, while maintaining a strong relationship with China. Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a high-income economy backed by the world's sixth largest oil reserves. The Kuwaiti dinar is the highest valued currency in the world. According to"
"occur mostly during summer, and less frequently during autumn. Kuwait has a petroleum-based economy, petroleum and fertilizers are the main export products. The Kuwaiti dinar is the highest-valued currency unit in the world. Petroleum accounts for nearly half of GDP and 90% of export revenues and government income. The Kuwait Stock Exchange is the second-largest stock exchange in the Arab world. Kuwait is known for its home-grown tradition of theatre. Kuwait is the only Arab country in the Persian Gulf region with a theatrical tradition. The Arabic theatrical movement in Kuwait constitutes a major part of the country's Arabic cultural"
"series of coins was introduced in the same sizes and compositions as the earlier pieces but in the name of Qatar only. On September 18, 1966, the Qatar & Dubai Currency Board introduced notes for 1, 5, 10, 25, 50 and 100 riyals. These were replaced on 19 May 1973 by notes of the Qatar Monetary Agency in denominations of 1, 5, 10, 100, and 500 riyals; a 50-riyal note was issued in 1976. The Qatar Central Bank was established by decree 15 on 5 August 1973. All coins and notes issued by the Qatar Monetary Agency became the property"
"Qatari riyal The Qatari riyal is the currency of the State of Qatar. It is divided into 100 dirhams () and is abbreviated as either QR (English) or (Arabic). Until 1966, Qatar used the Indian rupee as currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal which was the result of signing the Qatar-Dubai Currency Agreement on 21 March 1966. The Saudi riyal"
"YR 1,363, while the average monthly expenditure on qat is about eight times (YR 10,888) the amount paid for water, according to the household budget survey (2005–2006). In 2000 the majority of rural water systems used some form of cost-recovery, either based on metered water use, or a flat rate. The main donors for the water and sanitation sector are the World Bank, the Arab Fund for Economic and Social Development (AFESD), the German Development Bank KfW, the German Technical Cooperation agency (GTZ) and the Netherlands. Other important donors include Japan, UNDP, DFID and the European Union. All donor activities"
"Qatar Central Bank The Qatar Central Bank () is the central bank of Qatar. The Qatar Central Bank was originally the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded on May 13, 1973 after Dubai joined the United Arab Emirates and disengaged itself from British monetary policy which the area had previously followed. The Qatar Monetary Agency assumed the duties of a central bank. In 1973, Amiri Decree No. 24 authorized the issuance of the Qatari Riyal (QR). Over its history the Qatar Central Bank has increasingly worked in association with other, larger central"
"of the kyat without warning, causing many people to lose their savings overnight. Students who saved money for tuition fees were particularly affected. The announcement led to riots at several universities. The situation was further exacerbated by the shooting of protesting student Phone Maw in a 12 March 1988 clash with police. The protests continued to grow through August of that year, and on 8 August 1988 (8-8-88), a general strike began from which the uprising would later take its name. The protests culminated in the 1990 general election, in which Aung San Suu Kyi's opposition party the National League"
"valuation of the kyat (Burmese currency) by about 25 percent. In response, the government relaxed import restrictions and abolished export taxes. Despite current currency problems, the Burmese economy is expected to grow by about 8.8 percent in 2011. Myanmar has a complex foreign exchange system with black markets, foreign exchange certificates, and multiple exchange rates. On request of the government to alleviate its souring currency conditions, an International Monetary Fund (IMF) team visited Myanmar in October. After the visit, the government allowed private banks to engage in the foreign exchange market. The Central Bank of Myanmar is currently embarking on"
"a plan to unify the country's multiple exchange rate system. From April 2012 to April 2013, the official exchange rate of 6.4 kyats to $1 USD (a rate that has not changed since 1977, when it was pegged to the IMF's special drawing rights) will be floated up, to foster an interbank money market. From 2013 to 2014, the most widely used informal black market rate will be completely eliminated. The informal exchange rates are used for most daily transactions, while the overvalued official exchange rate is used to calculate government revenue and state-owned enterprises. There are other informal exchange"
"were allowed to remain in circulation. 50 pyas, 1, 5, and 10 kyats banknotes are now rarely seen, because of their low value. On 1 October 2009, 5,000-kyats banknotes were issued measuring 150 x 70 mm. Along the top front is written Central Bank of Myanmar in Burmese, and in the centre is a white elephant. On the back is a picture of the Central Bank of Myanmar with ""FIVE THOUSAND KYATS 5000"" written in English. This new denomination is five times larger than the previous largest denomination. Public response has been mixed, with some welcoming a higher value note"
"The IMF has stated that civil service salaries as a component of gross domestic product should be reduced 1 to 2 percent, a level that can only be achieved with continued reductions in the size of the civil service. It is unclear whether the national wage strategy, which may succeed in streamlining the system and removing irregularities, will in fact be able to reduce employment costs. Yemen's currency is the Yemeni riyal (YR), which was floated on the open market in July 1996. Periodic intervention by the Central Bank of Yemen has enabled the riyal to gradually depreciate approximately 4"
"rates, such an exchange rate used by UN agencies and international NGOs (450 kyat to $1 USD in 2010), a customs rate, and an official market rate. Such discrepancies have distorted national accounts (since firms are required to report all transactions in Burmese kyat at the official rate) and reduced transparency and accountability. According to some banking sources, the official exchange rate will be raised and set at 820 kyat per USD. On 2 April 2012, the Central Bank of Myanmar began trading at the new reference exchange rate of 818 kyat to 1 US dollar. In March 2012, a"
"Thai baht The baht (; , ; sign: ฿; code: THB) is the official currency of Thailand. It is subdivided into 100 ""satang"" (, ). The issuance of currency is the responsibility of the Bank of Thailand. According to SWIFT, as of February 2017, the Thai baht is ranked as the 10th most frequently used world payment currency. According to a report in the ""South China Morning Post"", the China Banknote Printing and Minting Corporation produces at least some Thai banknotes and coins. The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was"
"baht, Turkish lira, Ukrainian hryvnia, UK pound, Venezuelan bolivar, Albanian lek, Algerian dinar, Angolan kwanza, Azerbaijani manat, Bahrain dinar, Bangladesh taka, Belarusian rouble, Bolivian boliviano, Botswana pula, Bulgarian lev, Costa Rica colon, Croatian kuna, Dominican Republic peso, Ecuadorian sucre, Egyptian pound, El Salvador colon, Georgian lari, Ghanaian cedi, Guatemalan quetzal, Guyanese dollar, Haitian gourde, Honduran lempira, Icelandic krona, Iranian rial, Iraqi dinar, Ivory Coast CFA franc, Jamaican dollar, Jordanian dinar, Kazakhstani tenge, Kenyan shilling, Kuwaiti dinar, Laos kip, Lebanese pound, Libyan dinar, Macedonian denar, Malawian kwacha, Moroccan dirham, Myanmarian kyat, Nicaraguan cordoba, Nigerian naira, Oman rial, Pakistani rupee, Paraguayan guarani,"
"SYP for US$1 in July 2017. During the period when Syria was a part of the Ottoman Empire, which lasted about 400 years, the Ottoman lira was its main currency. Following the fall of the Ottoman Empire and the placing of Syria under a mandate (French occupation), the Egyptian pound was used in the territories under French and British mandates, including Lebanon, Transjordan and Palestine. Upon taking Lebanon and Syria under its separate mandate, the French government sought to replace the Egyptian currency and granted a commercial bank, the Banque de Syrie (a French affiliate of the Ottoman Bank), the"
"National Bank of the Kyrgyz Republic The National Bank of the Kyrgyz Republic () is the central bank of Kyrgyzstan and is primarily responsible for the strategic monetary policy planning of the country as well as the issuance of the national currency, the Som. The National Bank of the Kyrgyz Republic was established upon the country's independence in 1991 from the Central Bank of Russia, which itself was a successor of the State Bank of the USSR. In its initial years, Kyrgyzstan and many other post-Soviet states mainly relied on the Soviet ruble as its currency. The instability of the"
"cargo of 753,334 TEU in 2006. Mina Al-Ahmadi, the largest port in the country, handles most of Kuwait's oil exports. Construction of another major port located in Bubiyan island started in 2007. The port is expected to handle 1.3 million TEU when operations start. The following table shows the main economic indicators in 1980–2017. Economy of Kuwait Kuwait is a small, petroleum-based economy. The Kuwaiti dinar is the highest-valued unit of currency in the world. Non-petroleum industries include financial services. According to the World Bank, Kuwait is the fourth richest country in the world per capita. Kuwait is the second"
"as 1 dinar, both of the commemorative notes state that they were not legal tender. From 18 March 1975 to 4 January 2003, the dinar was pegged to a weighted currency basket. From 5 January 2003 until 20 May 2007, the pegging was switched to 1 US dollar = 0.29963 dinar with margins of ±3.5%. The central rate translates to approximately 1 KD = $3.53 USD From 16 June 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and was worth about $3.28 as of December 2016. It is the world's highest-valued currency unit. Kuwaiti dinar The Kuwaiti"
"Kenyan shilling The shilling (; sign: KSh; code: KES) is the currency of Kenya. It is divided into 100 cents. The exchange rate of the Kenyan shilling slumped dramatically in mid-2011, from about 83 shillings per US dollar to about 100 shillings per US dollar at late 2011 and to 105 shillings in September 2015. The Central Bank of Kenya shifted its target to tighten liquidity, including increasing interest rate and money market operations. But expected inflows due to tea export drove up the exchange rate to about 84 shillings per US dollar on 31 January 2012. The Kenyan shilling"
"Yemeni rial The rial or riyal is the currency of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification. In the 18th and 19th century, the ""riyal"" was traditionally associated with the Maria Theresa thaler, currency that was widely in use in Yemen owing to the Mocha coffee trade with the French, and a Yemeni request that its produce be paid with thalers. As Yemen progressed, it developed its own legal currency. After the union between the North (the Yemen Arab Republic) and the South (the People's Democratic Republic"
"(or) particular banks prone to risks are required to pre-deliver the currency being sold. The banks acting as correspondents of KASE are: KASE's currency market plays an important role in Kazakhstan’s economy. In recent years, its share in the total turnover on Kazakhstan’s interbank currency market has been between 50-83 %. This is where the average-weighted USD/KZT exchange rate is fixed, which is used as the official exchange rate by the National Bank of the Republic of Kazakhstan the next day. This sector features bonds issued by the Ministry of Finance and the National Bank of the Republic of Kazakhstan"
"many of the population do not have access to checks, or credit or debit cards, it is common to see citizens carrying a considerable amount of cash. (The highest denomination of Burmese currency kyat is 10 000 (~US$10.)) Credit cards are only rarely used in the city, chiefly in the more lavish hotels. Credit cards are also accepted in the major supermarket and convenience store chains. As the city has the best sporting facilities in the country, most national-level annual sporting tournaments such as track and field, football, volleyball, tennis and swimming are held in Yangon. The 40,000-seat Aung San"
"Africa and the Middle East through the bottleneck around Singapore"". According to the CIA World Factbook, Financing Geothermal projects in Myanmar use an estimated break even power cost of 5.3–8.6 U.S cents/kWh or in Myanmar Kyat 53–86K per kWh. This pegs a non-fluctuating $1=1000K, which is a main concern for power project funding. The main drawback with depreciation pressures, in the current FX market. Between June 2012 and October 2015, the Myanmar Kyat depreciated by approximately 35%, from 850 down to 1300 against the US Dollar. Local businesses with foreign denominated loans from abroad suddenly found themselves rushing for a"
"1, 5, 10 and 20 kyats notes. In 1972, the Union of Burma Bank took over note issuance, with notes introduced between 1972 and 1979 for 1, 5, 10, 25, 50 and 100 kyats. The notes were printed by the Security Printing Works in Wazi, Upper Burma (established c. 1972) under the technical direction of the German printing firm Giesecke & Devrient. On 3 November 1985, the 50-, and 100-kyats notes were demonetized without warning, though the public was allowed to exchange limited amounts of the old notes for new ones. All other denominations then in circulation remained legal tender."
"Kyrgyz Republic commemorative currency Commemorative currency in the Kyrgyz Republic is the set of commemorative banknotes and coins issued by the National Bank of the Kyrgyz Republic that are not meant for general circulation. All the banknotes and coins are either denoted by som, the underlined C, or its subunit the tyiyn. Kyrgyz is the language used on the commemorative currencies although Russian and to a lesser extent English is used in conjunction as well. The central bank regularly issues commemorative currencies to mark various occasions or to celebrate the various aspects of Kyrgyzstani culture or wildlife. Several of these"